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Upgrades/Downgrades - 11 June 2013

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Key: (?) = Upgraded, (?) = Downgraded, (-) = Maintained

AstraZeneca Berenberg ups TP to 3472p from 3425p, Hold
AstraZeneca SocGen ups TP to 2710p from 2675p, sell
BHP Billiton S&P Capital IQ downgrades to sell from Hold
BTG Jefferies ups TP to 400p from 375p, Hold
Fresnillo Citigroup cuts TP to 1045p from 1120p, sell
Gooch & Housego N+1 Singer downgrades to Hold from Buy
Keller Group Investec ups TP to 1115p from 1000p, Buy
Kingfisher Jefferies ups TP to 400p from 330p, Buy
Lo-Q Canaccord Genuity ups TP to 680p from 500p, Buy
National Grid Berenberg ups TP to 740p from 700p, Hold
Ophir Energy Jefferies cuts TP to 665p from 800p, Buy
Vectura Group Canaccord Genuity cuts TP to 113p from 120p, Buy
Source: Reuters News, AlphaTerminal, Dow Jones Newswires

Source: Bloomberg, Reuters News, AlphaTerminal, Dow Jones Newswires

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T111his research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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